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Shriram Finance Ltd

Buy SHRIRAMFIN @1007 & Upto 980 for the Target of 1110 / 1165

SHRIRAMFIN is exhibiting a strong bullish structure on the Daily chart, characterized by a consistent higher high–higher low formation, which is a classic sign of trend continuation. Price action has rebounded from lower levels and is currently hovering near Rs.1,007, supported by steady volumes that indicate ongoing accumulation and strong market participation. Recently, the stock has taken strong support near the 20- Day EMA around Rs.980 and is moving higher, highlighting sustained buying interest and reinforcing the short-term bullish bias.

From a broader technical perspective, the stock remains firmly bullish as it continues to trade well above its 20-Day, 50-Day, 100-Day, and 200-Day EMAs, all of which are sloping upward—underscoring the strength of the prevailing trend. With the stock showing strength after a healthy accumulation phase and resuming its upward move, it could pave the way for medium- to long-term targets of Rs.1,110 and Rs.1,165.

Momentum indicators further support the bullish view, with the RSI at 66.89 trending higher, signaling strong momentum while still staying below overbought levels.
Investors may consider long positions near current levels, with dips offering accumulation opportunities upto 980, while maintaining positional support near Rs.945 to
manage downside risk.

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